Financial Markets Conduct Act 2013

If you need more information about this Act, please contact the administering agency: Ministry of Business, Innovation, and Employment

Exclusion for offers through licensed intermediaries and DIMS licensees

6 Offers of financial products through licensed intermediaries


An offer of financial products to a person (A) does not require disclosure under Part 3 of this Act if—


the offer is by or through a licensed intermediary in the course of supplying prescribed intermediary services to A; and


the prescribed intermediary services supplied to A by the licensed intermediary in relation to the offer are covered by the market services licence held by the licensed intermediary.


In this clause, licensed intermediary means a person who holds a market services licence that covers prescribed intermediary services.